College of Business administration Roxas City Elective 22.2 (Money‚ banking‚ and credit) CLASSIFICATION OF MONEY Money according to material used Commodity money. This can be metallic in nature. It is used for purposes other than as a medium of exchange if so desired like rice‚ salt‚ sugar and the like satisfying physiological needs. Precious metal like gold and silver are also used as commodity money. Paper money. High quality paper materials are used to stand a long period
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The Great Wall of China. an overview Walls and wall building have played a very important role in Chinese culture. These people‚ from the dim mists of prehistory have been wall-conscious; from the Neolithic period – when ramparts of pounded earth were used - to the Communist Revolution‚ walls were an essential part of any village. Not only towns and villages; the houses and the temples within them were somehow walled‚ and the houses also had no windows overlooking the street‚ thus giving the feeling
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The Great Wall of China was one of the finest architectural achievements in the world‚ stretching over thousands of miles on China. For over 2‚000 thousand years‚ the Great Wall of China has been built and rebuilt to protect China from nomadic invaders in the north. The Great Wall stretches three thousand miles long over northern China. China only has natural barriers to the east‚ west‚ and south‚ making it vulnerable in the north. The giant wall they built was adequate for their needs of protection
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PROBLEM 1) Why brilliant people with more money than they’ll ever need allow their hunger for even more money to cause them to lose everything? 2) How much is enough‚ and why are people willing to risk so much to get more? 3) If money is so alluring‚ how is it that so many people of great wealth also seem so unhappy? CAUSE The single-minded pursuit of wealth often leads smart people to do incredibly stupid things‚ things that destroy what money can’t buy. Examples given in the article: Raj
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WHAT IS PLASTIC MONEY? •Plastic money are the alternative to the cash or the standard ‘Money’. •Plastic money is the generic term for all types of bank cards‚ credit cards‚ debit cards‚ smart cards‚ etc. DEFINITION The :plastic” portion of this term refers to the plastic construction of credit cards‚ as opposed to paper and metal of currency. The money portion is an erroneous reference to credit cards as a form of money‚ which they are not. Although credit cards do facilitate transactions
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Chapter 8 THE DEMAND FOR MONEY STEPHEN M. GOLDFELD Princeton University DANIEL E. SICHEL* Board of Governors of the Federal Reserve System Contents 1. 2. Introduction Overview of empirical difficulties 2.1. 2.2. U.S. money demand Money demand: International evidence A brief theoretical overview A variable-by-variable review Money demand and the partial adjustment mechanism Criticisms and modifications of the partial adjustment model Dynamic models that impose long-run
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monetary and fiscal policy‚ thus overcome the complexity and reach the desired‚ stable condition that currently is vaguely at sight. In order to clarify the outcome of policy changes‚ this work will demonstrate‚ more precisely depict the increase in money supply and government spending through the combination of IS/LM/BP modeling‚ followed by Phillips curve as well (Lui‚ 2011). Main Body IS/LM Modeling The model is depicted in figure 1. Vertical axis represents interest rate (i)‚ whereas horizontal
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THE HISTORY OF MONEY [A] The yen‚ the dollar‚ the quetzal‚ or the peso—no matter what the currency is called‚ money is an important part of life in nearly every culture today and has been throughout history. The concept of money dates back thousands of years. Originally‚ money was not metal coins or paper bills. Rather‚ people paid for things with objects that were useful and therefore considered valuable. We sometimes call this commodity money. Some examples of commodity money used throughout
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motif. Trash an award-winning novel by Andy Mulligan and Wall-E‚ a film directed by Andrew Stanton both explore important themes such as over reliance on technology and social sustainability. The themes explored play a major role in the plot and storyline. Over the last several years‚ technology has rapidly evolved. We now have supercomputers in a device no bigger than our hand‚ which would have seemed as impossible by our ancestors. As the power of our technology grows‚ so does our reliance on it‚
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Rob Hill Professor Terry Thuemling WP121G 5 November 2004 Behind the Walls of the Ghetto Commenting on the famed Los Angeles ghetto in which he grew up‚ gangster rapper Ice Cube asserts‚ "If you ain ’t never been to the ghetto‚ don ’t ever come to the ghetto" (Cube‚ Ghetto Vet). But why are American ghettos filled with so much violence‚ drugs‚ and inopportunity? In John Singleton ’s powerful drama Boyz N the Hood the harsh reality of youths growing up in South Central Los Angeles‚ a place
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